Barclays on U.S. Data Networking & Wireline Equipment: VoIP: Upgrading APKT, Downgrading PLCM
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Price: $29.24 --0%
Rating Summary:
3 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays on U.S. Data Networking & Wireline Equipment: VoIP: Enterprise Adoption, Carrier Inflection
Analyst, Jeff Kvaal, said, "Ongoing enterprise adoption, improving reliability, and a suite of new technologies should drive IP voice traffic materially higher. We examine the technological shifts that are driving VoIP growth and the stocks with the most leverage to them. We are upgrading Acme Packet (Nasdaq: APKT) to 1-Overweight with a $33 target (from $24); initiating on hosted VoIP leader BroadSoft (Nasdaq: BSFT) with a 1-Overweight rating and $46 target; and downgrading Polycom (Nasdaq: PLCM) to 2-Equal Weight with a $15 target (from $24)."
"Additional participants include Cisco (Nasdaq: CSCO), 8x8 (Nasdaq: EGHT), and Sonus Networks (Nasdaq: SONS): Cisco leads in enterprise with unified communications ~10% of sales. We do not expect VoIP growth to require meaningful incremental switch/router capacity. SONS (SBCs) and 8x8 (hosted) are also VoIP participants."
Analyst, Jeff Kvaal, said, "Ongoing enterprise adoption, improving reliability, and a suite of new technologies should drive IP voice traffic materially higher. We examine the technological shifts that are driving VoIP growth and the stocks with the most leverage to them. We are upgrading Acme Packet (Nasdaq: APKT) to 1-Overweight with a $33 target (from $24); initiating on hosted VoIP leader BroadSoft (Nasdaq: BSFT) with a 1-Overweight rating and $46 target; and downgrading Polycom (Nasdaq: PLCM) to 2-Equal Weight with a $15 target (from $24)."
"Additional participants include Cisco (Nasdaq: CSCO), 8x8 (Nasdaq: EGHT), and Sonus Networks (Nasdaq: SONS): Cisco leads in enterprise with unified communications ~10% of sales. We do not expect VoIP growth to require meaningful incremental switch/router capacity. SONS (SBCs) and 8x8 (hosted) are also VoIP participants."
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